National Wealth Fund
The question
To ask the Chancellor of the Exchequer, how much funding is allocated to the National Wealth Fund for each financial year from 2024-25 onward, broken down by capital spending allocations and financial transactions.
Answered by James Murray
The National Wealth Fund (NWF) is capitalised with £27.8bn to make investments in support of the growth and clean energy missions. £10 billion of its capital is allocated for guarantees, £4 billion for local authority lending, and the rest is split between debt and equity.
HM Treasury has not made specific allocations of this capital to each financial year. The NWF has the target of committing all its capital by 2029/30.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →